Gas Market Natural gas futures on the NBP were back in decline on Thursday as the gains from the previous session were reversed. Futures had increased ahead of scheduled maintenance at several Norwegian gas fields which has been ongoing since the end of August and is due to start winding down over the next week […]
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Following the large declines exhibited on the NBP on Tuesday, contracts corrected upwards yesterday, with near months averaging increases of 1.91p per therm.
Gas Market A portion of Tuesday’s losses were retraced on Wednesday with contracts across the NBP all edging up. The gains may have been somewhat of a market correction, while U.S. LNG supply risk due to Hurricane Francine as well as crude oil increases also fed into the upside on the curve. The NBP front […]
NBP gas contracts reverse the gains from the previous three sessions
Gas Market NBP gas prices tumbled across Tuesday’s session despite opening strongly and pushing higher in early morning trading. The front month season opened at 100.50p/th before reaching its intraday high of 101.00p/th, while the Oct-24 contract opened 1.49p/th higher than Monday’s settlement. However, NBP prices fell and continued to track lower from late morning […]
Gains to natural gas prices across the channel supported NBP prompt and futures
Gas Market European gas prices increased on Monday after an unplanned outage was called at the Dvalin field. Planned Norwegian maintenance has curtailed gas flows to Europe and the UK this month and while Gassco expect the outage to be resolved on Tuesday natural gas prices in Germany and the Netherlands ticked up. Prompt […]
NBP prompt and curve contracts edged up on Friday, although the front month contract still settled 8.65% lower week-on-week
Gas Market Thursday’s gains continued into Friday with increases seen across all NBP prompt and curve contracts. Despite the uspide, October-24 still finished 8.65% lower week-on-week, settling at 87.83p per therm on the day. Movement further out was more modest with Winter-24 and Winter-25 edging up by 0.36p and 0.10p per therm day-on-day respectively. Larger […]
October settled a penny higher having declined by over 10.00p per therm over the first three days of the week
Gas Market After three days of significant declines the NBP curve settled slightly higher on Thursday after buying activity centered around the front month and season. October shed over 10.00p per therm over the first three days of the week and after settling at a six-week low on Wednesday it was no surprise to see […]
The NBP completed a third straight day of declines on Wednesday with some of the biggest losses seen on the prompt market.
Gas Market The NBP completed a third straight day of declines on Wednesday with some of the biggest losses seen on the Spot and prompt. Despite changes being made to the Norwegian maintenance schedule on an ongoing basis, overall impact remains largely unchanged so far, with the GB system yesterday operating in a long position. […]
NBP Gas prices declined for the second consecutive day
Gas Market Gas prices fell further on Tuesday as the continued strong market fundamentals exerted pressure on NBP wholesale contracts. The front month October-24 contract fell for the second consecutive day, and losing 7.1% since Friday, settling yesterday evening at 89.37p/th. The losses were not only limited to the near curve as winter-24 briefly flirted […]
Contracts across the NBP prompt and curve moved down on Monday, with losses continuing into this morning.
Gas Market Prices across the NBP’s prompt and curve shed value on Monday, with the biggest losses seen on the near months. The Spot shrugged off a short GB system and higher gas-for-power demand, instead seeking direction from the high storage levels from which withdrawals were making up for reduced pipeline supply from Norway. News […]
The front month for the NBP is down over 2.00p this morning
Gas Market A combination of low wind forecasts and planned maintenance works which are expected to curb Langeled gas flows to GB provided the support to prompt and near curve contracts on Friday. Langeled is the main gas line for Norwegian imports and scheduled maintenance could see gas flows fall close to zero for […]
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